Continuity of Mineralization Confirmed at Green Swan’S Cobalt – GOLD Asset IN Sudbury, Ontario
GSW: TSX-V
CONTINUITY OF MINERALIZATION CONFIRMED AT GREEN
SWAN’S COBALT – GOLD ASSET IN SUDBURY, ONTARIO
Burlington, ON. January 11, 2017. Green Swan Capital Corp. (TSXV:GSW) is pleased to
announce that it has received final assays from the recently completed 300-meter diamond drill
program on its 100% owned cobalt-gold Property located in Sudbury, Ontario. The drill program
was completed on schedule and on budget at Ed’s Wa tering Hole in the southern part of the
Property, where previous surface grab sampling returned up to 4.5% cobalt and 44 g/t gold ( see
news release August 15, 2016). Management is very encouraged by the latest results and intends
to return for follow-on exploration activity as soon as reasonably possible.
Said Green Swan's CEO Peter M. Clausi, “Histo ric testing by third parties for gold, copper and
nickel have been successfully ca rried out on other parts of this 260 hectare Property , but this is
the first drill program ever conducted on this part of the Property. Our goal was to test at depth
the quartz veining visible at surface for contin uity of gold and cobalt throughout the system.
With gold and cobalt values in every sample, the drill program achieved that goal and was a
success.”
In the present program, five drill holes at Ed’s Watering Hole were aligned parallel to the
apparent strike of quartz vein ing visible at surface and orient ed to intersect the down dip
projections of the mineralization. Drilling details are provided in the table below.
DDH Easting
(NAD83)
Northing
(NAD83)
Azimuth
(degrees)
Dip
(degrees) Length (m)
CP16-01 519279 5155965 85 -45 69
CP16-02 519288 5155999 85 -45 51
CP16-03 519268 5155998 85 -50 75
CP16-04 519270 5155979 85 -45 60
CP16-05 519294 5155966 85 -45 44.25
All five holes intersected prominent quartz vein structures containing variable amounts of pyrite,
chalcopyrite and pyrrhotite. The quartz structur e visible at surface appears to extend nearly
vertically and was intersected at a deepest po int of roughly 30 metres below surface. This
structure extends in a north-northwest direction at least 35 meters along strike at surface, with
numerous faults and discontinuous veining. The next round of drilling will be intended to expand
these dimensions.
Green Swan is very pleased to report that th e drill program has confir med the continuity of
mineralization previously indicated by drill hole CP16-01 ( see news release December 14,
2016). A plan map and sections representing the dr illing can be seen on the Company’s website
at www.greenswancapital.com. Assay highlights are provided in the table below.
DDH From (m) To (m) Length* (m) Au (g/t)** Co (%)**
CP16-02 10.70 11.00 0.30 0.245 0.009
15.53 16.10 0.57 0.753 0.017
20.30 21.65 1.35 0.835 0.021
32.80 34.10 1.30 0.173 0.046
CP16-03 6.90 7.30 0.40 0.581 0.003
36.20 36.93 0.73 0.169 0.014
38.45 39.20 0.75 0.110 0.015
40.30 41.30 1.00 0.118 0.004
74.50 74.94 0.44 0.347 0.009
CP16-04 13.60 14.10 0.50 0.154 0.004
41.40 42.40 1.00 0.111 0.009
50.50 51.50 1.00 0.120 0.012
CP16-05 10.70 11.50 0.80 0.390 0.026
15.10 18.10 3.00 0.330 0.017
*All lengths reported are apparent widths. **Assays for core lengths >1m, are length-averaged.
With this phase of exploration complete, Green Swan will submit its final documentation to
receive its previously-approved JEAP grant. Green Swan thanks the Ontario Prospectors
Association and the Ontario Ministry of Nort hern Development and Mining for their ongoing
support.
Samples were submitted by representatives of Green Swan to AGAT Laboratories Ltd. (Sudbury,
Ontario). AGAT is accredited to ISO/IEC 17025 by St andards Council of Canada. Each sample
is coarsely crushed and a 250g aliquot is pulveri zed for analysis. Gold assays are from a 30g
aliquot fire assay that is measured by I nductively Coupled Plasma–Optical Emission
Spectrometry (ICP-OES). The detectable range for gold is 0.001-10ppm. C obalt is measured as
part of a 22 multi-element package using sodium peroxide fusion followed by ICP-OES with a
lower limit of detection of 0.001%. Standards and blanks were incl uded with the samples. Dr.
Tom E. McCandless, P.Geo., a Green Swan di rector and a qualified person under National
Instrument 43-101, has reviewed and approved the scientific and tech nical data presented in this
press release.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian minera l exploration company w ith a proven leadership
team, targeting cobalt in Ontario. Green Swan is well-poised to deliver real value to its
shareholders.
On Behalf of the Board of Directors
GREEN SWAN CAPITAL CORP.
“Peter M. Clausi”
Peter M. Clausi
CEO and Director
For Further Information:
Peter M. Clausi
1 905-681-1925
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the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.